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SEATTLEHOMEoCOM: No Monopoly in Greater Seattle’s Real Estate Market: For those that might think there’s a monopo... http://bit.ly/a3aMTP Seattle Homes Blog

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SEATTLEHOMEoCOM: Just posted on ActiveRain: No Monopoly in Real Estate Sales http://ping.fm/640NX http://bit.ly/bQMFmL

There's No Monopoly in Seattle Real Estate Sales

For those that might think there's a monopoly by a few brokerages or agents in the real estate market, take a look at the top 10 Greater Seattle residential sales for 2009 listed on the NWMLS.  (Top sales of single family Seattle homes here - one condo added for this list).

I count 18 different brokerages involved in these top 10 transactions.  If there is a monopoly, it's certainly not at the top of the luxury home market.  Not only are the offices spread widely, but there are many independent/non-national brands represented across the spectrum.

 

City	Price	Listing Office Name	Selling Office Name
Seattle	$5,300,000	Windermere Madison	Windermere Wallingford
Clyde Hill	$5,399,900	John L. Scott Bellevue	RE/MAX Connected
Bellevue	$5,460,000	Windermere Kirkland	Wallace Properties, Inc.
Mercer Island	$5,950,000	Windermere Bellevue	Ewing & Clark Mercer Isl.
Medina	$6,095,000	John L. Scott Mercer Isl.	John L. Scott Mercer Isl.
Bainbridge Island	$6,275,000	Coldwell Banker McKenzie	Windermere Bainbridge
Seattle (condo)	$9,750,000	ek Real Estate Group	Prudential NW
Seattle	$10,600,000	Madison House, Ltd.	Gerrard Beattie & Knapp
Seattle	$11,500,000	Windermere Wallingford	Windermere Wall St
Mercer Island	$15,560,000	Ewing & Clark, Inc.	Coldwell Banker Bain

 

Also interesting, is the spread of agents.  There are 19 different agents/teams involved.  Larry was the only agent listed twice, for selling his own Medina listing (congrats Larry!)  If there was a monopoly, this is where it would exist--at the top of the luxury market, where clearly the most successful agents and companies strive to position themselves. 

 

Listing Agent Name	Selling Agent Name
Mary P Snyder	M. Patrick Chinn
Stephen D MacDonald	Sam DeBord and Brian Wiegand
Dave Rodland	Susan Naficy
Tere G Foster	Kris B Robbs
Larry Williams	Larry Williams
Georg Syvertsen	Jan R Johnson
Edward S Krigsman	Tracy E Harris
Kitty K Hughes	Spafford Robbins
Bob Bennion	Holley Ring
Betsy Q Terry	Linda H Tsang

 

What's the take-away from all of this information?  A pretty yard sign does not sell a home, no matter which company logo is pasted on it.  Even the highest-end of luxury home buyers aren't worried about the company you're listed with.  If you prepare a home well, market it well, and make it available to buyers, it will sell. 

 

Buyers and Sellers should work with a motivated, experienced agent who puts your best interests first and makes you feel at ease.  You'll work better together, and most likely sell your home more quickly when you're both on the same page.  You have a lot of choices.  Choose someone you'll enjoy working with.

 

Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros

 

 
 
 

(Information not compiled or published by the NWMLS)

SEATTLEHOMEoCOM: On Zillow : Posted a comment in No Monopoly in Seattle Real Estate http://bit.ly/cTyIll Seattle Homes

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SEATTLEHOMEoCOM: Just posted on ActiveRain: Top 10 Seattle Area Home Sales for 2009 http://activerain.com/t/1455176

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SEATTLEHOMEoCOM: On Zillow Greater Seattle's Top 10 Home Sales of 2009 (from NWMLS stats): Started a discussion about ... http://bit.ly/91vY6h Seattle Homes

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SEATTLEHOMEoCOM: Greater Seattle’s Top 10 Home Sales of 2009: The top 10 single family home sales in the Greater ... http://bit.ly/6Ck0ny Seattle Homes Blog

SEATTLEHOMEoCOM: Greater Seattle’s Top 10 Home Sales of 2009: The top 10 single family home sales in the Greater ... http://bit.ly/6Ck0ny Seattle Homes Blog http://bit.ly/80eAzp

Greater Seattle's Top 10 Home Sales of 2009

The top 10 single family home sales in the Greater Seattle area for 2009, as listed in NWMLS records, were as follows:

Price	Address	Beds	Baths	Sq Ft	Selling Agent	Listing Agent
$5.1MM	9300 NE 13th St Clyde Hill	5	4.75	6882	Wendy Lister	Steven Erickson
$5.3MM	1105 Parkside Dr E Seattle	4	3.5	5500	M. Patrick Chinn	Mary Snyder
$5.4MM	10 Undisclosed Clyde Hill	6	6.75	10300	Sam DeBord and	Stephen MacDonald
					Brian Wiegand
$5.5MM	9125 Lake WA Blvd NE Bellevue	4	3.25	6320	Susan Naficy	Dave Rodland
$5.6MM	450 W Lk Samm. Pkwy Bellevue	5	7.5	11750	Debbie Jenner Culp	Judy Layton
$6.0MM	7406 N Mercer Way Mercer Island	5	4.25	7907	Kris Robbs	Tere Foster
$6.1MM	3329 Evergreen Point Rd Medina	5	7.5	7100	Larry Williams	Larry Williams
$10.6MM	XXXX Undisclosed Seattle	6	4.75	0	Spafford Robbins	Kitty Hughes
$11.5MM	5025 NE Laurelcrest Ln Seattle	5	5.25	9808	Holley Ring	Bob Bennion
$15.6MM	XXX Undisclosed Mercer Island	5	8.5	0	Linda Tsang	Betsy Terry

This information was not compiled or published by the Northwest Multiple Listing Service.

The luxury home market in Seattle was a bit slow in 2009, but there were still a good number of strong sales late in the year.  The market seems to have stabilized a bit for now, which is good news for home sellers looking to move in the luxury home market for 2010.

 

Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros  

 
 
 
 
 

SEATTLEHOMEoCOM: Just posted on ActiveRain: Top 10 Seattle Area Home Sales for 2009 http://activerain.com/t/1454731

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SEATTLEHOMEoCOM: # 47 Clyde Hill, WA - Most Expensive U.S. Small Towns List - Four Seattle-Area Towns http://bit.ly/4QWtyZ

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Waterfront Seattle Area Towns Make America's Most Expensive List

BusinessWeek recently listed the 50 most expensive small towns in America.  All 50 towns were located in just seven states, with Washington garnering four spots for small towns in the Greater Seattle metro.


The towns of Hunts Point, Medina, Yarrow Point, and Clyde Hill, all on the Seattle metro's Eastside, checked in on the top 50 list.  Each on of these areas has its own unique characteristics, but all share the feel of privacy and upscale living while still being a short jog from downtown Bellevue and a 10 minute drive into Seattle (traffic willing).

While many neighborhoods in Seattle proper would have probably made this list (Madison Park, Laurelhurst, Denny-Blaine, Washington Park, Broadmoor, Montlake, The Highlands, etc.), they don't make the classification for this list as they are not separate townships.  The Eastside townships are incorporated, and thus "small towns".

 

No. 3: Hunts Point, Wash.
Median home sale price: $2,930,863
Price change YOY: -2.9%
Population: 437
Median household income: $179,898

Hunts Point is the most private community on this list.  Take one drive down Hunts Point Drive and you'll see why.  Towering trees, long, meandering driveways past gated entries, and a straight shot from video-monitored entry to the tip of the point.  There's no reason to drive into Hunts Point if you don't live there, so there's virtually no traffic.  The waterfront homes are stunning if you can get a glimpse of them--most are far out of view from the street.  The tip of Hunts Point is currently available for sale, a 2 acre waterfront gem with no current home on the land.  It's been listed recently in the mid-$20 million range.
Hunts Point WA Homes

 

No. 36: Medina, Wash.
Median home sale price: $1,426,173
Price change YOY: -4.6%
Population: 3,041
Median household income: $133,756

Medina is most famouse for being home to Bill Gates of Microsoft, and many of his software counterparts.  The waterline in Medina reaches from Evergreen Point in the North to Groat Point in the South, covering the majority of the Gold Coast.   This section of Lake Washington waterfront has westerly views of Seattle and evening sunsets on the lake.  At 3,000 residents, it's much larger than the other townships on the list.
Medina WA Homes

 

No. 38: Yarrow Point, Wash.
Median home sale price: $1,397,744
Price change YOY: -6.9%
Population: 997
Median household income: $177,940

Yarrow Point is another small peninsula on the shores of Lake Washington.  Nestled between Cozy Cove and Yarrow Bay, around 1/4 of its homes are on the water.  Like Hunts Point, it has only one street entry and therefore has very little outside traffic.  Yarrow Point is a bit more open, with better ability to see many of the homes from the street. 
Yarrow Point WA Homes

 

No. 47: Clyde Hill, Wash.
Median home sale price: $1,249,976
Price change YOY: -9.9%
Population: 2,845
Median household income: $132,468

Clyde Hill is the only town on our list that is not on the waterfront.  The town is situated between Medina and the Points, and it has some of the best views on the Eastside.  Clyde Hill homes can have views of Kirkland to the North, Seattle and the Olympic Mountains to the West, Bellevue and Mount Rainier to the South, and the Cascade Mountains to the East.  With its own police and fire department, Clyde Hill has a small-town feel without sacrificing access to big city amenities.
Clyde Hill WA Homes

 

Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros  

 
 
 
 
 

SEATTLEHOMEoCOM: Just posted on ActiveRain: Four Seattle Area Towns Make BusinessWeek's Top 50 Most Expensive List http://activerain.com/t/1445886

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SEATTLEHOMEoCOM: We already fax/scan/copy/email real estate contracts in Seattle. Don't electronic signatures make sense at this point?

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SEATTLEHOMEoCOM: When will the NWMLS allow electronic signatures for real estate contracts? This is Seattle, people, let's hit the cutting edge.

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SEATTLEHOMEoCOM: @PeteCarroll Welcome to Seattle, Pete. As an SC grad, let me introduce you to socks-and-sandals, slow freeway driving, clean air, and rain

SEATTLEHOMEoCOM: @PeteCarroll Welcome to Seattle, Pete. As an SC grad, let me introduce you to socks-and-sandals, slow freeway driving, clean air, and rain http://bit.ly/81wpV0

SEATTLEHOMEoCOM: Only about 4 months' inventory of homes in Shoreline, WA right now. Yes, real estate listings are slow in winter, but that's really low.

SEATTLEHOMEoCOM: Only about 4 months' inventory of homes in Shoreline, WA right now. Yes, real estate listings are slow in winter, but that's really low. http://bit.ly/6dTI6I

SEATTLEHOMEoCOM: : Posted a comment in HVCC question, can Realtors speak with the Appraiser? http://bit.ly/5AapMZ Zillow Seattle

SEATTLEHOMEoCOM: : Posted a comment in HVCC question, can Realtors speak with the Appraiser? http://bit.ly/5AapMZ
Zillow Seattle http://bit.ly/5bRsYR

SEATTLEHOMEoCOM: : Answered a question in Why don't the changes "stick" when I update my home info? (property and.. http://bit.ly/7IdD6D Zillow Seattle

SEATTLEHOMEoCOM: : Answered a question in Why don't the changes "stick" when I update my home info? (property and.. http://bit.ly/7IdD6D
Zillow Seattle http://bit.ly/4ncnpA

SEATTLEHOMEoCOM: : Answered a question in 15509 67th Drive SE did not sell for $215K as shown. How do we get this.. http://bit.ly/7Sqrfc Zillow Seattle

SEATTLEHOMEoCOM: : Answered a question in 15509 67th Drive SE did not sell for $215K as shown. How do we get this.. http://bit.ly/7Sqrfc
Zillow Seattle http://bit.ly/792r7P

SEATTLEHOMEoCOM: : Answered a question in Can you explain why my home shows $100k less than every other waterfron.. http://bit.ly/7mit0z Zillow Seattle

SEATTLEHOMEoCOM: : Answered a question in Can you explain why my home shows $100k less than every other waterfron.. http://bit.ly/7mit0z
Zillow Seattle http://bit.ly/5cVqiZ

SEATTLEHOMEoCOM: Carroll's had bad records with NFL teams. Here's his chance to redeem himself. The Hawks need a leader, not a cog in the wheel. Fight On.

SEATTLEHOMEoCOM: Carroll's had bad records with NFL teams. Here's his chance to redeem himself. The Hawks need a leader, not a cog in the wheel. Fight On. http://bit.ly/7MiYCI

SEATTLEHOMEoCOM: Carroll to the Hawks, Riley to the Trojans, it's a big week for west coast football. Alabama? So last year.

SEATTLEHOMEoCOM: Carroll to the Hawks, Riley to the Trojans, it's a big week for west coast football. Alabama? So last year. http://bit.ly/5rjAEJ

SEATTLEHOMEoCOM: : Posted a comment in Seattle Waterfront Real Estate Stats, 2009 http://bit.ly/7tcV9I Zillow Seattle

SEATTLEHOMEoCOM: : Posted a comment in Seattle Waterfront Real Estate Stats, 2009 http://bit.ly/7tcV9I
Zillow Seattle http://bit.ly/52mo8M

SEATTLEHOMEoCOM: Answered: Relocating from Manhattan to Silicon Valley: Answer by Sam DeBord - Seattl.. http://bit.ly/7smbIX On Trulia Seattle

SEATTLEHOMEoCOM: Answered: Relocating from Manhattan to Silicon Valley: Answer by Sam DeBord - Seattl.. http://bit.ly/7smbIX
On Trulia Seattle http://bit.ly/8R0aqc

SEATTLEHOMEoCOM: Answered: My husband and I are both in our 50's. Are we too old to buy a house?.. http://bit.ly/53WmYn On Trulia Seattle

SEATTLEHOMEoCOM: Answered: My husband and I are both in our 50's. Are we too old to buy a house?.. http://bit.ly/53WmYn
On Trulia Seattle http://bit.ly/7N1GIK

SEATTLEHOMEoCOM: Seattle’s Eastside Waterfront Real Estate Statistics, 2009: Sales of waterfront homes .. http://bit.ly/522H5C Seattle Homes Blog

SEATTLEHOMEoCOM: Seattle’s Eastside Waterfront Real Estate Statistics, 2009: Sales of waterfront homes .. http://bit.ly/522H5C
Seattle Homes Blog http://bit.ly/51X393

SEATTLEHOMEoCOM: Seattle Waterfront Real Estate Stats, 2009: Sales of waterfront homes in 2009 were up from t.. http://bit.ly/6UsrXP Seattle Homes Blog

SEATTLEHOMEoCOM: Seattle Waterfront Real Estate Stats, 2009: Sales of waterfront homes in 2009 were up from t.. http://bit.ly/6UsrXP
Seattle Homes Blog http://bit.ly/7sTevh

SEATTLEHOMEoCOM: Just posted on ActiveRain: Seattle's Eastside Waterfront Home Sales, Greater Bellevue, 2009 http://activerain.com/t/1415779

SEATTLEHOMEoCOM: Just posted on ActiveRain: Seattle's Eastside Waterfront Home Sales, Greater Bellevue, 2009 http://ping.fm/T6vPg http://bit.ly/8dV4Xi

SEATTLEHOMEoCOM: Just posted on ActiveRain: Seattle Waterfront Real Estate Statistics, 2009 http://activerain.com/t/1415753

SEATTLEHOMEoCOM: Just posted on ActiveRain: Seattle Waterfront Real Estate Statistics, 2009 http://ping.fm/8bc3I http://bit.ly/4xn1iU

Seattle Waterfront Real Estate Statistics, 2009

Sales of waterfront homes in 2009 were up from the dismal 2008 sales, but still a bit slow to climb back.  Seattle waterfront real estate got a big push in the fall, as a handful of buyers finally got off the fence and got some incredibaly affordable deals on some of the best waterfront available.

 

Median Seattle waterfront home statistics for 2009:

3 bedrooms, 2 baths, 1670 square feet.  Median sale price, $774,000 and 76 days on the market (not bad marketing time).

 

Top sales of Seattle waterfront homes:

A 6 bed, 4.75 bath home in Madison Park.  The home sold for $10.6 million in December.  It's a 7500 sq ft home, built in the late 1970s on 3/4 of an acre.  With 135 feet of waterfront on Lake Washington and 18 foot ceilings, this is clearly a magnificent home.

 

In Laurelhurst, a 5 bed, 5.25 bath, 10,000 sq ft home sold in November.  This 2003-built home is on 2/3 of an acre with 125 feet of low-bank Lake Washington waterfront.  It's a formal Georgian colonial with all of the amenities of modern construction.

 

Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros

 

 
 
 

 

Interesting 2009 Statistics - Seattle's Eastside, Greater Bellevue

On Seattle's Greater Eastside, there were quite a few significant home sales in 2009.  Here are a few interesting statistics from Eastside sales:  Bellevue, Kirkland, Yarrow Point, Hunts Point, Clyde Hill, Medina, and Sammamish.  These statistics are not compiled or published by the Northwest Multiple Listing Service.  They're not official county records, just statistics I've pulled from the NWMLS for my own entertainment purposes.

 

Greater Bellevue highest priced real estate sale:  $6.096 million
Greater Bellevue lowest priced real estate sale:  $61,000.  This kind of home is a real steal when you add in the tax credit.

 

Greater Bellevue largest home sold:  10300 square feet (This was a home Brian and I sold this fall in Clyde Hill)
Greater Bellevue smallest home sold:  373 square foot studio

Greater Bellevue, most bedrooms and baths:  7 beds, 7.5 baths

 

Greater Bellevue, longest time on the market before sale:  829 Days (since 2007)
Greater Bellevue, shortest time on market:  0 days

 

I'd think the Eastside is in for a much better 2010 than 2009.  Much of the high end real estate market was held back by the credit markets in 2009, but will likely be free up more in 2010.  Much of the first time home buyer market has been moving along in the past year, and move up buyers should continue "moving up" throughout the next year.

 

Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros

 

 
 
 
 
 

 

Fun Seattle Real Estate Statistics From 2009

As we close out the books for Seattle real estate in 2009, I thought I'd give you a few of the highs and lows of the year, statistically.  These statistics are not compiled or published by the Northwest Multiple Listing Service.  They're not official county records, just statistics I've pulled from the NWMLS for my own entertainment purposes.

 

Highest home sale price of the year in Seattle:  $11.5 Million.  Congratulations, you lucky new owners.
Lowest home sale price of the year in Seattle:  $32,000

 

Largest Seattle home stats, sold in 2009:  16 bedrooms, 6 baths, 11,700 sq ft.  The children are NOT allowed to play hide and seek any more.

Smallest Seattle home stats, sold in 2009:  320 sq ft studio. 

 

Longest time to sell a home in Seattle:  1075 days.  Way to hang in there.
Shortest time to sell a home in Seatle:  0 days (sold on opening day)

 

The median Seattle home this year was a 3 bed, 1.75 bath, 1500 sq ft home selling for around $365,000.  Sounds about right.

 

It was one heck of a year, from an early dead-zone to a mad dash at the finish.  We hope that all of you had a great year, and wish you luck in the coming year of 2010.

 

Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros